POWERS OF ATTORNEY 
28 
Still greater security is afforded under the powers covered 
by ss. 126-127 (1) of the Law of Property Act, 1925, which 
provide as follows :— 
A. If a power of attorney is given for valuable con- 
sideration and is in the instrument creating the 
power expressed to be irrevocable Is 125], 
or 
If a power of attorney, whether given for valuable 
consideration or not, is in the instrument creating 
the power expressed to be irrevocable for a fixed 
period therein specified not exceedinr; one year 
from the date of the iustrument " 
then in favour of a purchaser! 
(i) The power shall not be revoked, at any time (or 
in case B during the fixed time) either by anything 
done by the donor of the power without the con- 
currence of the donee of the power, or by the 
death, disability, or bankruptcy of the donor of 
the power; and— 
Any act done at any time (or in case B within the 
fixed time) by the donee of the power, in pursuance 
of the power, shall be as valid as if anything done 
by the donor of the power without the concurrence 
of the donee of the power, or the death, disability, 
or bankruptcy of the donor of the power had not 
been done or happened; and— 
Neither the donee of the power, nor the purchaser, 
shall at any time be prejudicially affected by notice 
of anything done by the donor of the power with- 
out the concurrence of the donee of the power, 
or of the death, disability, or bankruptcy of the donor 
of the power at any time (or in case B within the 
fixed time). 
If a power has been made irrevocable under s. 127, then 
(unless the context otherwise requires) it does not lapse on 
the expiration of the fixed period, but continues to operate 
in the same way as if it had not been made irrevocable for 
any fixed period. 
> J 
Powers given 
for valuable 
considera- 
tion or made 
irrevocable 
for not ex- 
ceeding one 
vear. 
! ‘Purchaser’ means a purchaser in good faith for valuable con- 
sideration, and includes a lessee, mortgagee or other person who for 
valuable consideration acquires an interest in property, and where the 
context so requires includes an intending purchaser; ‘valuable con- 
sideration’ includes marriage, but does not include a nominal con- 
sideration in money; and ‘property’ includes any thing in action 
and any interest in real or personal property (s. 205).